MAS, NFRA reaffirm cooperation on supervisory priorities for banks

They noted progress in staff exchanges and study visits on tech resilience, amongst others.

The Monetary Authority of Singapore (MAS) and the Chinese National Financial Regulatory Administration (NFRA) reaffirmed their commitment to strengthening supervisory cooperation.

During the annual MAS-NFRA Supervisory Roundtable, both authorities highlighted progress in cooperation, including staff exchanges and study visits on tech resilience, digital assets, AI, and green finance.

The roundtable discussions covered key supervisory priorities for banks in Singapore and China, along with updates on NFRA’s insurance supervision framework.

The two agencies also shared insights and experiences on supervisory practices and the growth of the asset management sector.